Resolute Advisors LLC Reduces Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Resolute Advisors LLC lowered its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 57.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,328 shares of the exchange traded fund’s stock after selling 11,361 shares during the quarter. Resolute Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EEM. World Investment Advisors increased its holdings in iShares MSCI Emerging Markets ETF by 140.6% during the fourth quarter. World Investment Advisors now owns 48,660 shares of the exchange traded fund’s stock valued at $2,035,000 after buying an additional 28,435 shares during the last quarter. Nicolet Advisory Services LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $229,000. Private Portfolio Partners LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 0.5% in the 4th quarter. Private Portfolio Partners LLC now owns 105,573 shares of the exchange traded fund’s stock worth $4,415,000 after purchasing an additional 576 shares in the last quarter. Allie Family Office LLC raised its holdings in iShares MSCI Emerging Markets ETF by 8.2% in the 4th quarter. Allie Family Office LLC now owns 171,432 shares of the exchange traded fund’s stock worth $7,170,000 after purchasing an additional 12,960 shares during the period. Finally, Discovery Capital Management LLC CT purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $312,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $42.97 on Friday. The stock has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $43.88. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The firm has a market capitalization of $16.34 billion, a PE ratio of 14.53 and a beta of 0.63.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).